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Athens State University Foundation INC

Tax-deductible

Athens, AL501(c)(3)Since 1981EIN 63-0833253Revenue $1.6M in FY2025

On file with the IRSathens.edu/about/offices/university-advancement/foundation300 N Beaty St, 35611-1902 · Athens, ALTax-exempt since Dec 1982College/university support org — 170(b)(1)(A)(iv)

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The Foundation promotes the University to the surrounding community, works to build a strong alumni group, and helps secure funding for scholarships.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 16 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $529K a year · 48% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $31K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$164K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 20 voting members
Looks good: 16 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+43% vs prior year
Spent
$599K
To programs
81%
Net assets
$10.5M
By yearFY2020–FY2025
Revenue
$1.6M
FY2025▲ +43%
Tap a bar for its year
Revenue by fiscal year
FY2020$992K
FY2021$780K
FY2022$928K
FY2023$1.2M
FY2024$1.1M
FY2025$1.6M
Expenses
$599K
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$550K
FY2021$479K
FY2022$632K
FY2023$594K
FY2024$576K
FY2025$599K
Net assets
$10.5M
FY2025▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.1M
FY2021$7.0M
FY2022$6.8M
FY2023$7.6M
FY2024$9.1M
FY2025$10.5M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1982.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $486K Management & general 19% · $113K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

20 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Donna Coleman
Past-President
$0Pt VII · Sec A
Dr Bill Hopkins
Vice President and President-Elect
$0Pt VII · Sec A
Dr Catherine Wehlburg
Ex-Officio & Asu President
$0Pt VII · Sec A
Dr Keith Ferguson
Ex-Officio Asuf Sec/Treas & Asu VP for Univ Adv.
$0Pt VII · Sec A
$0Pt VII · Sec A
Betty Ruth-Oliver
Ex-Officio Board Member
$0Pt VII · Sec A
Chris Allen
Board Member
$0Pt VII · Sec A
Dick Chittam
Board Member
$0Pt VII · Sec A
See Athens State University Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Athens State University through resources and programs.

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Provided by the organization

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2 programs · $486K · in their own filed words · FY2024
01

The foundation promotes the university to the surrounding community, works to build a strong alumni group, and helps secure funding for scholarships.

$323Kprogram expense
02

The foundation sponsors the university's clubs and divisions for various curricula and additional classroom facilities.

$162Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Community Foundation of Greater HuntsvilleFY2024$26K
Fidelity Investments Charitable Gift FundFY2024$5K
Total grants receivedfrom 2 funders$31K
Grants paid · 1 grant · $486K · 2024–2024
Athens State UniversityFY2024$485,768

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.6M
Investment incomeLn 3$262K
Money outPt IX
$599K
Ln 25
Programscol B$486K
Managementcol C$113K
Owns and owesPt X
$10.5M
net assets · Ln 32
Cash and savingsLn 1–2$480K
Total assetsLn 16$10.6M
LiabilitiesLn 26$164K
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Fundraising eventsLn 1c$269K
Investment incomeLn 3$262K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$480K
Cash and savings togetherLn 1–2$480K
InvestmentsLn 11–13$9.2M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$639K
Total assetsLn 16$10.6M
LiabilitiesLn 26$164K
Net assetsLn 32$10.5M
OperationsPt I, VI
EmployeesI 54
VolunteersI 616
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$597K$480K
InvestmentsLn 11–13$8.3M$9.2M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$9.2M$10.6M
LiabilitiesLn 26$101K$164K
Net assetsLn 32$9.1M$10.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$486K$486K
Benefits paid to or for membersLn 4$0$0
Accounting feesLn 11c$1K$1K
Investment management feesLn 11f$49K$49K
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$38K$38K
Conferences, conventions and meetingsLn 19$8K$8K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$3K$3K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$599K$486K$113K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.6M$599K$1.0M$10.5M 990 PDF
FY2024 $1.1M$576K$543K$9.1M 990 PDF
FY2023 $1.2M$594K$589K$7.6M 990 PDF
FY2022 $928K$632K$296K$6.8M 990 PDF
FY2021 $780K$479K$300K$7.0M 990 PDF
FY2020 $992K$550K$442K$6.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $1,600,447 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $779,327$1,590,211
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $244,513$261,833
I-11 Other revenuePrior year $95,223−$251,597
I-12 Total revenuePrior year $1,119,063$1,600,447
I-13 Grants and similar amounts paidPrior year $0$485,768
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $576,106$112,775
I-18 Total expensesPrior year $576,106$598,543
I-19 Revenue less expensesPrior year $542,957$1,001,904
Part VI · Governance 16 of 20 board members independent, 1 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members16
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,600,447 across 7 lines filed
VIII-1c Fundraising events$268,789
VIII-1f All other contributions, gifts and grants$1,321,422
VIII-1h Total contributions, gifts and grants$1,590,211
VIII-3 Investment incomeExcluded from tax $261,833$261,833
VIII-8 Net income from fundraising eventsExcluded from tax −$251,847−$251,847
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $250$250
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $10,236$1,600,447
Part IX · Statement of functional expenses $598,543 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $485,768$485,768
IX-4 Benefits paid to or for membersPrograms $0$0
IX-11c Accounting feesManagement $1,100$1,100
IX-11f Investment management feesManagement $48,591$48,591
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionManagement $7,928$7,928
IX-13 Office expensesManagement $38,258$38,258
IX-19 Conferences, conventions and meetingsManagement $7,928$7,928
IX-23 InsuranceManagement $5,670$5,670
IX-24 Other expenses (24a–d)Management $3,300$3,300
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $485,768 · Management $112,775 · Fundraising $0$598,543
Part X · Balance sheet $10,641,930 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $597,309$479,598
X-3 Pledges and grants receivableStart of year $89,607$135,307
X-4 Accounts receivableStart of year $51,310$33,262
X-9 Prepaid expenses and deferred chargesStart of year $158,005$191,303
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $7,032,340$8,425,102
X-12 Other securitiesStart of year $1,247,141$738,842
X-15 Other assetsStart of year $9,964$638,516
X-16 Total assetsStart of year $9,185,676$10,641,930
X-17 Accounts payable and accrued expensesStart of year $9,862$13,120
X-19 Deferred revenueStart of year $91,381$150,779
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $101,243$163,899
X-27 Net assets without donor restrictionsStart of year $1,958,577$2,157,413
X-28 Net assets with donor restrictionsStart of year $7,125,856$8,320,618
X-32 Total net assets or fund balancesStart of year $9,084,433$10,478,031
X-33 Total liabilities and net assetsStart of year $9,185,676$10,641,930
Part XI · Reconciliation of net assets $10,478,031 net assets at year end
XI-1 Total revenue$1,600,447
XI-2 Total expenses$598,543
XI-3 Revenue less expenses$1,001,904
XI-4 Net assets at start of year$9,084,433
XI-5 Net unrealized gains (losses) on investments$391,694
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,478,031

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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